Non-current Financial Asset Sale
As previously disclosed to public, Sabancı Holding's entire shares in Philsa Philip Morris Sabancı Sigara ve Tütüncülük Sanayi ve Ticaret A.Ş. (PHILSA) and Philip Morris SA Philip Morris Sabancı Pazarlama ve Satış A.Ş. (PMSA) have been sold to Philip Morris Products S.A. (PM) in consideration of TRY 2,747,308,823 on January 5, 2022 post predetermined adjustments at closing, and acquisition price has been collected by Sabancı Holding on the same day.
Further, PM has paid Sabancı Holding an additional TRY 373,552,455.66 on March 31, 2022 post predetermined adjustments based on the audited financial results of PHILSA and PMSA for the 2021 fiscal year, and thereby final acquisition price for the sale of PHILSA and PMSA shares has been realised as TRY 3,120,861,278.66.